Valley National Bancorp Announces Executive and Director Changes
Ticker: VLYPN · Form: 8-K · Filed: Dec 11, 2024 · CIK: 714310
| Field | Detail |
|---|---|
| Company | Valley National Bancorp (VLYPN) |
| Form Type | 8-K |
| Filed Date | Dec 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
Related Tickers: VLY
TL;DR
VLY board shakeup: execs out, new directors in, comp plans adjusted. Effective Dec 11.
AI Summary
Valley National Bancorp announced on December 11, 2024, changes in its board of directors and executive officers. Specifically, the company reported the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for its key executives. These changes are effective as of December 11, 2024.
Why It Matters
Changes in leadership and executive compensation can signal shifts in company strategy or financial health, impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Changes in executive and director positions can introduce uncertainty regarding future strategy and operational stability.
Key Players & Entities
- VALLEY NATIONAL BANCORP (company) — Registrant
- December 11, 2024 (date) — Date of earliest event reported
FAQ
Who are the specific officers and directors departing from Valley National Bancorp?
The filing indicates the departure of certain officers and directors but does not name them specifically in the provided text.
Who are the newly elected directors at Valley National Bancorp?
The filing states that directors have been elected, but their names are not specified in the provided text.
What specific changes were made to the compensatory arrangements for certain officers?
The filing mentions adjustments to compensatory arrangements for certain officers, but the details of these adjustments are not provided in the text.
What is the effective date of these reported changes?
The effective date for the departure of directors/officers, election of directors, and changes to compensatory arrangements is December 11, 2024.
What is the primary business of Valley National Bancorp?
Valley National Bancorp is a national commercial bank, as indicated by its Standard Industrial Classification code [6021].
Filing Stats: 561 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-12-11 17:21:09
Filing Documents
- d832379d8k.htm (8-K) — 32KB
- d832379dex991.htm (EX-99.1) — 6KB
- g832379g16g89.jpg (GRAPHIC) — 5KB
- 0001193125-24-275771.txt ( ) — 214KB
- vly-20241211.xsd (EX-101.SCH) — 5KB
- vly-20241211_def.xml (EX-101.DEF) — 14KB
- vly-20241211_lab.xml (EX-101.LAB) — 24KB
- vly-20241211_pre.xml (EX-101.PRE) — 15KB
- d832379d8k_htm.xml (XML) — 8KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 99.1 Press release of Valley National Bancorp, dated December 11, 2024, announcing the retirement of Thomas A. Iadanza. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VALLEY NATIONAL BANCORP Dated: December 11, 2024 By: /s/ Gary G. Michael Gary G. Michael Executive Vice President, General Counsel & Corporate Secretary -3-